Ramesh Kulkarni

Aerospace Engineer , Investor , Science freak , bullish on India, wants to be fit

[Advocate Yogesh Aggarwal @AdYogeshh]

एक सीधा सवाल सरकार से

“SC/ST Act: सुरक्षा का कानून या Misuse का खतरा?”

क्या SC/ST Act में Reform का समय आ गया है?

RT if you support Reform

#SCSTAct #SCSTActReform

[Advocate Yogesh Aggarwal @AdYogeshh]

I stand with Dr. Doolla of IIT Bombay. ✊

RT if you support him

#IITBombay #DrDoolla

[Neelkanth Mishra @neelkanthmishra]

As expected, with the fiscal headwinds fading and monetary headwinds (falling credit growth till 1HFY26) becoming tailwinds (credit growth accelerating), GDP growth is surprising on the upside, and should help push up consensus trend-growth estimates to 7%-plus. That is, with a neutral fiscal and monetary policy, the economy should still register 7.5% growth.

In this light, I was shocked to see the ill-educated and egregiously wrong claims made by some that if the 'original' base of June-2025 quarter was used, growth in the June-2026 quarter would be much lower.

The new series introduced in Feb-2026 cleaned up the data and also significantly improved the methodology. For those who track this for a living (and I used to be one such till 45 days ago) - the downward revision in the base was known in March (see our note published on 1-Mar):
https://t.co/3KCHsbIUV9

As our note acknowledged, the new series increased credibility of estimates of real output.

That claim is so obviously wrong that several logical rebuttals have already been made. But bad information tends to travel further than good information, and so it is important to reiterate and reinforce the argument.

That such claims got traction is itself surprising, given that easy-to-track and not-possible-to-fudge indicators of economic activity have been so robust. While June-quarter data was strong, that momentum has picked up:
- personal vehicle (cars, SUVs) dispatches grew 35% YoY in August despite just 9% growth in exports. Even two-wheeler growth is now >20% (though helped by strong exports).
- And if that was consumption, commercial vehicle dispatches grew >40%.
- tax collection growth has picked up meaningfully. This is as real as it gets.
- Credit growth continues to surprise on the upside (albeit on a low base). Last year most believed the then-weak credit growth was a demand problem, whereas we steadfastly stated it was a supply issue - it has for now been addressed.
- indicators of construction are robust.

Hopefully, now there will be fewer people asking "why private sector investment is weak," given that there is clear evidence of investments.

That said, there is still slack in the economy, as seen in weak real-wage growth. It may take several quarters of above-trend growth for that slack to tighten, and bring back sticky inflation pressures.

[Ramesh Kulkarni @rameshnkulkarni]

@AmitShah I think you should take over the finance portfolio , the current FM is either clueless or is busy looking for a one size fits all solution. The state of Gujarat achieved tremendous growth when you were FM and Modiji was CM. Why not now?

[Ramesh Kulkarni @rameshnkulkarni]

@narendramodi has some wrong advisors. What else explains RRR for RBI, Arvind Subramanian as CEA, Rathin Roy in advisory council, election rallies during pandemic, no progress on Vadra/Sonia/PC cases in courts. He is the best PM India ever had but has bad influencers.

[Ramesh Kulkarni @rameshnkulkarni]

I am surprised that Gujarat with highest number of investors in equity market is not able to influence any decision on LTCG. I don't know how the investor/trader community is Ok with LTCG going from zero before Modi to 12.5% post Modi. Is it ache din for them?

[Ramesh Kulkarni @rameshnkulkarni]

@nethrapal This is total bullshit. If doctors are same then why politician's want medical care from the best hospitals in India or abroad. Ask him how many politician's get admitted into the district hospital to get a surgery done.

[Ramesh Kulkarni @rameshnkulkarni]

@Mann_ashar Is is Asm and moschip?

[Ramesh Kulkarni @rameshnkulkarni]

@nsinghal211 Please tag the FM

[Ramesh Kulkarni @rameshnkulkarni]

@TvamAstrology Can you please clarify when these zodiac signs are as per Hindu moon based or as per english date of birth calendar

[Ramesh Kulkarni @rameshnkulkarni]

@Mann_ashar Thanks for sharing your thoughts

[Ramesh Kulkarni @rameshnkulkarni]

@Mann_ashar On a scale on 1 to 10 , how do you rate the q4 numbers. How do they tie up to your detailed analysis prior to the result

[Ramesh Kulkarni @rameshnkulkarni]

@GabbbarSingh First we should revoke the OCI card of this Rathee

[Ramesh Kulkarni @rameshnkulkarni]

@Chellaney Good analysis of what has happened but alas nobody knows the future. Acting in India's best interests as the situation evolves is the best strategy isn't it. Give the govt some slack here.

[Prabhakar Kudva @prabhakarkudva]

A lot of people may not like this.

But the way this govt has handled crisis whether Covid or Trump's tantrums or the energy issues now is beyond commendable.

One can always nitpick and find fault with some things but big picture the current team at the top led by PM Modi have done things for which they rarely get much credit.

I don't think India has seen such confident handling of dire situations since independence. The capability building, relationship building, the India first approach, the confidence and the execution has been next level. I can't think of any other previous govt handing things like this.

[Ramesh Kulkarni @rameshnkulkarni]

@tec_safwan 4.6

[Ramesh Kulkarni @rameshnkulkarni]

@sickdotdev Just do it

[Ramesh Kulkarni @rameshnkulkarni]

@Sadafsayeed 12.5% is on Capital gains not in invested amount.

[Ramesh Kulkarni @rameshnkulkarni]

@umeh098 He fell on the window ledge of the floor below his floor so he was not injured

[Anand Ranganathan @ARanganathan72]

Dear @narendramodi, a billion Indians nominate @sanjeevsanyal and the Kaundinya team for this year's Padma honours, for proving ancient India's maritime prowess by sailing a ship built to 5th century specification.

Some advance towards greatness; others return to it. We do both.